Distribution Solutions Group, Inc.

What does Distribution Solutions Group own?
DSG owns the Lawson Products, TestEquity, and Gexpro Services distribution businesses, plus bolt-on acquisitions including the October 2026 purchase of GradeEight Holdings, which operates the Winzer franchise network and FastServ Supply.

Is Distribution Solutions Group publicly traded?
Yes, for now. It trades on NASDAQ under DSGR, but shareholders are expected to vote on a $35.00 per share take-private offer from LKCM Headwater Investments, which already controls about 79% of the company.

Who founded Distribution Solutions Group?
The corporate entity descends from Lawson Products, founded in 1952 by Sidney L. Port in Chicago. J. Bryan King of Luther King Capital Management assembled the current holding company through the 2022 three-way combination.

Where is Distribution Solutions Group headquartered?
Fort Worth, Texas, at 301 Commerce Street. The company moved its domicile from Lawson's historic Chicago base after the 2022 combination.

How many brands does Distribution Solutions Group own?
Approximately five operating brands across MRO, test and measurement, and OEM supply-chain services, plus subsidiary product lines.

Who owns Distribution Solutions Group?
LKCM Headwater Investments and affiliates own roughly 79% of outstanding shares, with the balance held by public minority investors. If the pending merger closes, LKCM Headwater will own 100%.

The roots of the company are Lawson Products, founded in 1952 by Sidney L. Port in Chicago as a distributor of fasteners and industrial supplies sold through a national field sales force. Port built the business around route sales representatives who stocked customer storerooms on recurring visits.

Lawson Products went public in the 1970s and traded for decades as a mid-cap industrial distributor under the LAWS ticker. By the 2010s it faced stagnant organic growth and pressure from larger rivals.

The 2022 combination changed the company's trajectory. Issuing about 10.3 million shares to LKCM-affiliated owners of TestEquity and Gexpro Services tripled revenue overnight and left LKCM entities holding roughly 75% of the combined company. The renamed DSG became a roll-up vehicle, completing a series of bolt-on acquisitions through 2023 and 2024 that pushed revenue from $1.15 billion in 2022 to $1.98 billion in 2025.

In October 2026, Lawson acquired GradeEight Holdings for $145 million, adding the Winzer franchise distribution network and FastServ Supply storefronts across Texas and Arkansas.

Meanwhile the controlling shareholder moved to take the company private. In March 2026, LKCM Headwater, which already owned approximately 79% of DSG, offered to buy the remaining shares at $29.50. A definitive merger agreement at $35.00 per share followed in July 2026. The HSR waiting period ended in August, and a definitive proxy was filed in late October 2026. As of November 2026 the deal awaits the vote of unaffiliated stockholders, with an outside date of December 31, 2026.